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Directors Report of Mahavir Green Crop Ltd.

Mar 31, 2014

The Members

The Directors'' present Annual report on the business and operations of your Company for the year 2013-14

FINANCIAL RESULTS AND OPERATIONAL REVIEW:

The Company has again started to operate in the finance market and received income of Rs. 4,02,000 during the financial year 2013-14. However, the Company incurred loss during previous years after set off such loss the net profit of the company was Rs. 11,753 during the current financial year and hope for better in coming years, even in the downward stream scenario of global financial and capital market. Directors have started to explore various other opportunities to further improve the working results during the current year.

PARTICULARS OF EMPLOYEES:

There is no employee receiving salary of Rs. 60 Lac per annum or Rs. 5 Lac per month during the 12 Months period ended 31st March, 2014, the details as required to be furnished under section 217(2A) of the companies Act 1956 read with the Companies (Particulars of employee) Rules, 1975 as amended.

DIVIDEND:

In view of inadequate profit, your Directors do not recommend any dividend during the year.

DIRECTORS:

Mr. Bhagabhai Dahyabhai Bharwad, Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment.

RESPONSIBILITY STATEMENT:

Director confirms that:

The applicable accounting standards have been followed along with proper explanation relating to material departures.

Such accounting policies have been selected and applied consistently and reasonable and prudent judgments and estimates made, so as to give a true and fair view of the state of affairs of the company at the end of the financial Year and the profit/loss of the company for that period.

Proper and sufficient care has been taken for the maintenance of the adequate accounting records in accordance with provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

The annual accounts have been prepared on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:

As required under rule 3 of the companies (Disclosure of Particulars in the report of Board of Directors) Rules 1998, the particulars relating to the conservation of energy, Technology absorption, and the foreign exchange earnings and outgo are also Nil.

APPOINTMENT OF AUDITORS:

M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring auditors being eligible offers themselves for re-appointment. Members are requested to appoint them as auditors of the company.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from the public during the year under review. The equity shares of Your Company are listed with the BSE Ltd.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management discussion and analysis Report, pursuant to Clause 49 of the Stock Exchange Listing agreement, forms part of this Report and the same is annexed hereto.

REPORT ON CORPORATE GOVERNANCE:

A separate Report on Corporate Governance along with Certificate from Auditors on its compliance as annexed hereto.

SEGMENT:

Your Company is engaged in a single segment only.

ACKNOWLEDGEMENT:

The management is grateful to the government authorities, Bankers, Vendors for their continued assistance and co-operation. The directors also wish to place on record the confidence of members in the company.

For & on behalf of the Board of Director

Date: 28/05/2014 Place: Ahmedabad

Sd/- Sd/- Sd/-

(Rokibhai Vaghela) (Ripal Chauhan) (Bhagabhai Bharwad) Director Director Director

DIN: 05201644 DIN: 05346014 DIN: 05346010


Mar 31, 2013

The Directors'' present Annual report on the business and operations of your Company for the year 2012-13.

FINANCIAL RESULTS AND OPERATIONAL REVIEW:

The Company has again started to operate in the finance market and received income of Rs. 1,49,145 during the financial year 2012-13. However, the Company incurred loss during previous years after set off such loss the net profit of the company was Rs. 3,189 during the current financial year and hope for better in coming years, even in the downward stream scenario of global financial and capital market. Directors have started to explore various other opportunities to further improve the working results during the current year.

PARTICULARS OF EMPLOYEES:

There is no employee receiving salary of Rs. 60 Lac per annum or Rs. 5 Lac per month during the 12 Months period ended 31st March, 2013, the details as required to be furnished under section 217(2A) of the companies Act 1956 read with the Companies (Particulars of employee) Rules, 1975 as amended.

DIRECTORS:

Mr. Rokibhai Vaghela, Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment.

During the year Mr. Bhagabhai Bharwad and Ms. Ripal Chauhan have been appointed as additional director 12th July, 2013.

Mr. Bhagabhai Bharwad, Mr. Rokibhai Vaghela and Ms. Ripal Chauhan have been regularized at Extra Ordinary General Meeting held on 3rd August, 2012.

The Board has accepted resignation of Mr. Lal Mirchandani, Mr. Manthan Bhavsar and Mr. Mahesh Raval from the directorship of the company.

RESPONSIBILITY STATEMENT:

As required u/s 217(2AA) of the Companies Act, 1956 your Director confirms that in the preparation of the annual accounts.

The applicable accounting standards have been followed along with proper explanation relating to material departures.

Such accounting policies have been selected and applied consistently and reasonable and prudent judgments and estimates made, so as to give a true and fair view of the state of affairs of the company at the end of the financial Year and the profit/loss of the company for that period.

Proper and sufficient care has been taken for the maintenance of the adequate accounting records in accordance with provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

The annual accounts have been prepared on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:

As required under rule 3 of the companies (Disclosure of Particulars in the report of Board of Directors) Rules 1998, the particulars relating to the conservation of energy, Technology absorption, and the foreign exchange earnings and outgo are also Nil.

APPOINTMENT OF AUDITORS:

M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring auditors being eligible offers themselves for re-appointment. Members are requested to appoint them as auditors of the company.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from the public during the year under review. The equity shares of Your Company are listed with the Bombay Stock Exchange, Ahmedabad Stock Exchange Limited, Vadodara Stock Exchange Limited.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management discussion and analysis Report, pursuant to Clause 49 of the Stock Exchange Listing agreement, forms part of this Report and the same is annexed hereto.

REPORT ON CORPORATE GOVERNANCE:

A separate Report on Corporate Governance along with Certificate from Auditors on its compliance as annexed hereto.

SEGMENT:

Your Company is engaged in a single segment only.

ACKNOWLEDGEMENT:

The management is grateful to the government authorities, Bankers, Vendors for their continued assistance and co-operation. The directors also wish to place on record the confidence of members in the company.

For & on behalf of the Board of Director

Date: 25/04/2013

Place: Ahmedabad Sd/- Sd/- Sd/-

Director Director Director


Mar 31, 2011

The Directors' present the Fourteenth Annual report on the business and operations of your Company for the year 2010-11.

FINANCIAL RESULTS AND OPERATIONAL REVIEW:



Year Ended Year Ended Particulars 31.03.2011 31.03.2010 (Rs. In lacs) (Rs. In lacs)

Gross Sales/Income 0.56 0.41

Less Depreciation 0.03 0.03

Profit/(Loss) before Tax 0.09 0.02

Taxes/Deferred Taxes 0.03 0.01

Profit/(Loss) After Taxes 0.06 0.016

P& L Balance b/f (604.18) (604.19)

Profit/ (Loss) carried to Balance Sheet (604.12) (604.18)

PARTICULARS OF EMPLOYEES:

There is no employee receiving salary of Rs. 24 Lac per annum or Rs. 2 Lac per month during the 12 Months period ended 31st March, 2011, the details as required to be furnished under section 217(2A) of the companies Act 1956 read with the Companies (Particulars of employee) Rules, 1975 as amended.

DIRECTORS:

Mrs. Aarti Agarwal Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment.

RESPONSIBILITY STATEMENT:

As required u/s 217(2AA) of the Companies Act, 1956 your Director confirms that in the preparation of the annual accounts.

The applicable accounting standards have been followed along with proper explanation relating to material departures. Such accounting policies have been selected and applied consistently and reasonable and prudent judgments and estimates made, so as to give a true and fair view of the state of affairs of the company at the end of the financial Year and the profit/loss of the company for that period.

Proper and sufficient care has been taken for the maintenance of the adequate accounting records in accordance with provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

The annual accounts have been prepared on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:

As required under rule3 of the companies (Disclosure of Particulars in the report of Board of Directors) Rules 1998, the particulars relating to the conservation of energy, Technology absorption, and the foreign exchange earnings and outgo are also Nil.

APPOINTMENT OF AUDITORS:

M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring auditors being eligible offer themselves for re-appointment. Members are requested to appoint them as auditors of the company.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the public during the year under review. Your Company is listed with the Bombay Stock Exchange, Ahmedabad Stock Exchange Limited, Vadodara Stock Exchange Limited.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management discussion and analysis Report, pursuant to Clause 49 of the Stock Exchange Listing agreement, forms part of this Report and the same is annexed hereto.

REPORT ON CORPORATE GOVERNANCE:

A separate Report on Corporate Governance along with Certificate from Auditors on its compliance as annexed hereto.

SEGMENT:

Your Company is engaged in a single segment only.

ACKNOWLEDGEMENT:

The management is grateful to the government authorities, Bankers, Vendors for their continued assistance and co-operation. The directors also wish to place on record the confidence of members in the company.

For & on behalf of the Board of Director Date: 24/06/2011

Place: Ahmedabad Sd/- Sd/- (Lal Mirchandani) (Aarti Agarwal) Director Director

 
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